Monthly Archives: March 2016

Andy Wirth’s Crusade To Prevent Incorporation In Lake Tahoe

The Reno-Gazette Journal just released an article highlighting the causes of the recent economic slump in Lake Tahoe, and it also covered the battle between Andy Wirth and the backers of incorporation attempting to place the businesses of the community under their thumb and watchful eye. This article was an eye-opener to say the least. Apparently Lake Tahoe has been struggling economically for around four years now due to a slump in tourism, and there has been a long, hard-fought political skirmish between backers of incorporation and owners and CEOs of local businesses and resorts. Andy Wirth, CEO of Squaw Valley Ski Holdings, which owns Squaw Valley Ski Resort, has stood firmly against the incorporation of the resorts and businesses in Olympic Valley.

The battle ultimately boils down to land use decisions by the businesses and who will make them. The backers of incorporation claim it is all about trying to avoid answering to a local council made up of future residents, and they also state Squaw Valley Ski Holdings threw so much money at the prevention of the incorporation because it would prefer to handle any land issues with Placer County and its Supervisors. Dealing with Pacer County Supervisors is the proper channel since land use is a county issue, but the backers of incorporation seemed to imply corruption, while a member alleged there was influencing on the county level.

Andy Wirth dismissed the allegations, and he pointed out the backers of incorporation had spent more than their fair share of money to try and incorporate the town. The backers of incorporation wasted their money because a California commission determined the proposed town wouldn’t be viable financially. The decision shut the door on the proposed incorporation, and now the resorts, businesses and residents of the community have a chance to come together and heal. The legal battle resulted in a lot of division in the area, and Andy Wirth has proposed the community come together to work on projects to improve the area.

According to Andy Wirth’s About Me site, he cares very much for Lake Tahoe, and he’s dedicated to improving the area and having a close community. He donates a lot of his time and money to many local service organizations in Lake Tahoe, and he is just as dedicated to improving the environment by donating his time and money to various causes. Andy Wirth is a successful business man and a pillar of the Lake Tahoe community.

Madison Street Capital Presents Hedge Fund OutLook For 2016

Madison Street Capital, a well known global investment banking firm, launched the review for the 4th edition of its hedge fund industry. In the report Madison Street Capital addresses M&A opportunities and transaction activity. Due to the wave of activities and transactions in the fourth quarter of 2015, along with other critical factors, Madison Street Capital predicts that 2016 will be a successful year for hedge fund M&A.

Looking for a reputable investment banking firm? Wondering why Madison Street Capital is regarded as one of the most reliable investment banking firms in the industry?

Madison Street Capital has been around for many years and comes highly recommended due to its excellent financial services solutions. The company has great expertise in identifying and utilizing the best strategies to ensure maintenance of value for a failing business. In addition, Madison Street Capital considers the interests of creditors and lending institutions.

As a well established investment banking firm with a great reputation, Madison Street Capital provides various financial solutions, allowing them to instantly develop the most effective solutions to the most challenging or difficult situations, such as reorganization, sales, mergers and capital restructure.

The firm understands the challenges and the intricacies of reorganization of a company from conception through pre- and post-planning with creditors, lenders, suppliers, and the legal system. Completing a transaction is a complex process, so selecting the best or most effective investment or financial solutions strategy requires great expertise and experience such as as that provided by the professionals at Madison Street Capital.

The financial and investment professionals at Madison Street Capital are well versed in organizational realignment, crisis management, workouts, and recoveries, and loan restructuring, among other areas.

The various services offered by the experts at Madison Street Capital are focused on stabilizing business operations, and restoring important relationships with vendors and creditors while developing an effective and efficient restructuring strategy.

When it comes to getting advice or guidance for investment matters or other financial management issues, it’s imperative to go with a firm with a team of highly qualified professionals. That’s why it is advisable to choose Madison Street Capital if you want reliable advice and top notch guidance. When you have a reputable investment banking firm like Madison Street Capital on your side, you can rest assured that you will receive the best possible return on investment.

To learn more about the benefits of choosing Madison Street Capital, simply visit their website and get in touch with their financial experts.

Madison Street Capital maintains office locations in North America, Asia and Africa. Their services include providing clients with professional financial advisory options, valuation services, expert financial opinions, and merger and acquisition proficiency.

Source: PR.com

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Kevin Seawright Helps Newark Youth Obtain Summer Jobs

There are few companies that have stepped up to assist Newark, New Jersey young people in finding summer jobs. The Newark Community Economic Development Corporation (NCEDC) is one of the few companies to step up, thanks to CFO Kevin Seawright. The goal is work that helps youth learn a strong work ethic and save money to attend college. Mr. Seawright hopes to improve the community’s number of college graduates. There will be help with training, on-the-job, as well help for the participants to learn how to manage their finances. Lectures will be offered to help empower and encourage the young workers and to help them prepare for college.

“As of Monday we had 350 youth applications already in. We have turned what is traditionally a six-week process into a 30 minute event… This is an event myself and and the rest of the Newark CEDC team are really proud to be apart of. It gives us hope for the future of this incredible city,” said Mr. Seawright on Twitter.

The plan is to provide each Newark student with 6 weeks of paid summer work. One of the improvements made for this year has been the implementation of online applications to the program, something Kevin Seawright told LocalTalkNews he sees as a great new improvement. The program starts on July 5th and will end on August 16th. The hope is to provide a total of 3,500 youth jobs. Connected with the program is a bank account setup and training course.

Mr. Seawright explained, “This way, the students and individuals can learn how to open their own checking and savings accounts. This basic skill is the foundation for financial success both now and down the road when they graduate and enter the professional workforce.”

As NCEDC’s CFO and Executive Vice President, Kevin Seawright serves the development needs for Newark, the largest city in New Jersey. He was the former CFO and Facilities Officer for the Departments of Recreation and Parks in the state of Maryland. He often worked in planning and finance for educational institutions, sometimes working with huge budgets valued in the hundreds of millions of dollars.

Sanjay Shah’s charity rocks on

Making solid choices about investments can be a risky business. Sanjah Shah, the CEO of Solo Capital of London has not only managed to become a pro within the investment industry, but his numerous charitable contributions have helped many all around the globe.

Prior to his career in investments, Shah studied medicine before deciding to pursue a career in business. He worked for a multitude of investment firms such as Morgan Stanley, Credit Suisse and Merrill Lynch before boldly starting up his own company. In 2009 he established Solo Capital.

Since founding the investment firm Shah has seen huge financial success. He expanded his business operations to other cities across the world including Dubai, Luxembourg and The British Virgin Islands. As of January of this year, Shah was reported to have a net worth of over 280 million dollars.

As a result of his success and wealth, the 45 year-old has been able to retire and focus his efforts elsewhere. One of his philanthropic interests that is near and dear to his heart is Autism Rocks, a charitable organization he founded. The charity is a result of his son being diagnosed with Autism.

In 2011 Shah’s youngest son was having difficulty keeping food down. After seeing different specialists and undergoing a variety of blood tests, the doctors determined that the young boy was Autistic. Sparing no expense, Shah immediately sought out and hired professionals that could be beneficial for his son. Behavior specialists, caretakers and therapists were all brought on by Shah and incorporated into his son’s treatment. While Shah felt very fortunate to be able to hire these professionals for his own family, he recognized that there are many parents across the globe who are not as fortuitous.

Once his family situation was in a better place Shah decided he wanted to help out those families struggling financially to attain resources for their Autistic children. He made a contribution to the Dubai Autism Center. After supplying funds to this agency, Shah pondered over how he could make an even bigger impact. Autism Rocks was born soon after.

Shah has been very successful in raising money through the concerts that are set up through Autism Rocks. Some famous pop stars that have been featured include Lenny Kravitz, Michael Bublè, and Prince. Through the organization’s earnings, he has been able to provide funds for resources that have benefited many families with Autistic Children. In addition to providing financial support for families and spreading awareness of Autism, he also contributes significantly to research of Autism. He is hopeful that once we get a better understanding of Autism then greater strides can made in bettering the lives of those that have it.

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United Technologies CEO Says Not Going To Happen To Honeywell Merger

Although Honeywell attempted to rally support from investors and analysts with a by proposing a merger that would generate $39 billion in value to United Technologies shareholders and over$72 billion in value for investors, Gregory Haynes, United Technologies CEO, responded with “Not going to happen.” In Antoine Gara, Forbe’s staff writer’s article entitled “Honeywell Unveils Merger Bid For United Technologies In Effort To Rally Wall Street”, he examines Honeywell’s CEO David Cote’s presentation of the benefits of the merger. His final analyses was that a friendly negotiation depends upon agreements of both boards on antitrust concessions and tweaks to cash and stock offers. According to CNBC, the deal was seen as a merger of equals but due to Honeywell’s stock price performance and United Tech’s declining shares, it now resembles an unfriendly takeover. Haynes voiced a reluctance to risk United Technologies being placed in the same circumstances as Honeywell when it was taken over by Cote in 2002.

Honeywell accepted a takeover bid for General Electric in 2000 while it was valued at $21 billion and the American Department of justice cleared the merger, but in 2001 the European Commission blocked it on the grounds that the merger would create a horizontal monopoly. With the firing of then CEO Michael Bonsignore, current CEO and Chairman, David Cote was appointed and Honeywell has since made over 80 acquisition, 60 divestures, added $12 billion in new sales and increased the work force by 131,000. As a result Honeywell stock has tripled between 2002 and 2015. The question posed in this article is whether rising global economic fears and volatility in the US stock markets will be positive or negative to Honeywell. According to Cote’s presentation, the merger would generate $3.5 billion in cost synergies annually and involve $36 billion in new debt financing. The math used was compared to the optimism used in now- stalled bid for Norfolk Southern by Canadian Pacific. The merger proposal by Honeywell would combine the two largest aerospace and electronic companies in the nation and result in better diversified company in geography and business mix that would be more impervious to global economic conditions.

Despite the inertia of the two deals mentioned, Madison Street Capital, the international investment banking firm that provides financial opinions to publicly and privately held businesses and corporate financial advisory and valuation service, 2016 is expected to be a record year for Hedge Fund Mergers and Acquisitions. Madison Street Capital has offices in North America, Asia and Africa and provides a variety of financial service for those looking for acquisitions and seeking lending. The knowledge, expertise and experience offered by Madison Street Capital has been recognized by the M&A Advisor who awards those with excellence in deal making, restructuring and financing. Madison Street Capital is know for its integrity, high standards and professionalism and include domestic and global investment banking, mergers and acquisitions, financial opinions, restructuring, capitol raising and specialized advice to hedge fund and other asset managers. It strives to meet the unique needs of middle market businesses in various industries.

CCMP Capital: Getting Investment Advice From A Reliable Firm

Have you ever thought about consulting a good investment firm for all your investment needs? Ever wondered why CCMP Capital comes highly recommended in the investment arena? With so many companies out there promising to help you reach your investment goals, it can be difficult to select the right company for guidance.

Many people find a financial services advisor or investment firm through their friends, relatives or colleagues. Some go online searching for a company that offers to help them start an investment portfolio or grow their assets. It is important to do your research before deciding on which company or investment professional to choose.

CCMP Capital is a highly reputable and well respected private equity investment firm. CCMP Capital’s professionals have provided services and advice to countless clients from around the world and are regarded as the best in the industry. If you are serious about learning more about investing, particularly private equity investing, it is absolutely essential that you get in touch with Stephen Murray CCMP Capital immediately. The company has been in business for a long time and has the quality resources and industry connection to get you from where you are right now to where you want to be in your investment career.

CCMP Capital certainly cannot be beat when it comes to private equity or providing financial services to clients. The company employs the best professionals out there and has numerous satisfied clients. There is a lot of information on the Internet about private equity investments and professionals that render services related to the field but it is always advisable to go with a company that has a great reputation in the industry.

When it comes to choosing a great company for your investment needs, look no further than CCMP Capital – one of the most reliable private equity investment firms. The financial advisors at CCMP Capital have great competence in private equity investing and other related fields and are extremely committed to ensuring their clients’ success and peace of mind. When you contact Stephen Murray CCMP Capital, their experts will discuss your needs with you and assess your existing circumstance, and after that they will develop a plan to help you reach your goal.

Stephen Murray was President and Chief Executive Officer of CCMP Capital. He directed the private equity investment activities for CCMP Capital, with a focus on making the company one of the best out there. Stephen had great expertise in private equity and personally mentored many of his organization members and peers. He was well respected by his clients and his business partners. Mr Murray had many years of experience in the management and administration of equity investment services. Stephen Murray passed away on March 12, at age 52.